The fabled mines that helped biblical ruler King Solomon accumulate a gold stash worth more than £2.3 trillion are a "complete myth", historians believe.

And they have suggested Solomon was not even king of Israel - but was, in fact, an Egyptian Pharaoh whose story has been "misinterpreted".

The Old Testament King is said to have gathered 500 tonnes of pure gold from mines - which some hopefuls believe still exist and remain stuffed with precious metals.

But experts now claim the legendary source of Solomon's incredible wealth never existed.

British historian and author Ralph Ellis said finding Solomon's lost mines is "about as likely as taking a dip in the Fountain of Youth", the mythical spring that supposedly restores the youth of anyone who drinks from its waters.

Is this the face of King Solomon? Part of the Tanis treasures now on display in the Cairo museum, this golden mask may be a likeness of Egyptian pharaoh Shoshenq I (Image: Ralph Ellis / SWNS.com)

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Speaking about his book, 'Solomon, Pharaoh of Egypt', the 54-year-old historian said: "According to the Bible, King Solomon was staggeringly wealthy.

"Yet successive generations of theologians and archaeologists have scoured the Holy Land looking for his capital city, palace, temple and wealth without any success.

"There comes a point when we either have to accept that the biblical account is entirely fictional, or that we may be looking in the wrong location and for the wrong things.

The Tanis tombs. French archaeologist Pierre Montet discovered a treasure trove of plundered grave goods in the tombs of Tanis, which biblical historian Ralph Ellis believes were the historical basis for the fabled King Solomon's mines (Image: Ralph Ellis / SWNS.com)

"My research suggests that there is a factual basis for the story of Solomon and his riches, but that it was heavily amended and obscured by biblical scribes.

"A wealthy and powerful Israelite dynasty did exist, just as the Bible claims, but they were not simply Israelite kings and their capital city was not at Jerusalem."

Ellis added: "This is not the kind of revelation which many Israeli archaeologists will want to hear, for political and cultural reasons, but unlike classical interpretations of the biblical story it does make sense of the confusing biblical accounts."

He believes tales of pharaohs were considered "unpalatable and unacceptable" by later biblical authors, who altered their history to create a "purely Israelite" hero.

He suggests if his theory is true, then Solomon's treasures can be easily found at the Egyptian Museum in Cairo, where scores of artifacts from the era can be seen.

According to the Old Testament Solomon ruled the United Monarchy of Israel and Judea between 970 and 931BC and accumulated 500 tonnes of pure gold.

A solid silver sarcophogus, part of the treasure trove found at Tanis and now on display at the Cairo Museum (Image: Ralph Ellis / SWNS.com)

Much of it was said to have come from a region called 'Ophir', but the Bible fails to give further details and its exact location remains a mystery.

The 1885 novel by Rider Haggard, 'King Solomon's Mines', inspired countless expeditions into Africa, Arabia and Asia but no universally accepted evidence of Ophir has ever been discovered.

Ellis suggests kings Solomon and his father David were in fact pharaohs Psusennes II and his successor, Shoshenq I, who ruled an expanding empire that Egypt and Israel at the end of the 10th Century BCE.

Ralph Ellis's new book about King Solomon (Image: Ralph Ellis / SWNS.com)

He said: "There are compelling parallels between David and Solomon, and Psusennes and Shoshenq.

"Even the ancestors and family members of these 'two' royal dynasties appear to be exactly the same.

"Once we accept that these 'Israelite' kings were actually pharaohs of Lower Egypt, then all the inconsistencies in the biblical accounts are easily explainable."